Daily Market Outlook : 30th April, 2008 (Wednesday)

Market has given a breakout and closed above critical resistances. Immediate target for the Sensex is 17607-17860 and Nifty is 5330-5368.

Sensex Resistance 17472-17607-17860. Support 17223-17076-16958.

Nifty Resistance 5261-5330-5368. Support 5142-5094-5055.

Free Indian Stock Tips

1. Recap: Nagarjuna fertilisers gave a profit of RS 90, ICICI bank gave a profit of Rs 900 and Reliance energy gave a profit of Rs 2100 per 100 shares bought as per recommendation.

2. Indian Stock Market Update: Nifty achieved a high of 5210 on the back drop of market taking CRR hike positively. Thus one can not say how market will behave as had market fallen post CRR hike people would have had blamed RBI for sucking 35000 crores from the investment circle which led to fall of the market. Thus one has to be alive to the situation to take the impromptu decision or be ready with a set plan. Thus it appears that on back of positive move in the market today one will be able to see Nifty touching 5300 levels. However Nifty has to sustain above 5185 to prove the strength in the market. I think now the market will be propped up by Relaince group shares to include Reliance and Reliance petroleum.

3. Strong Future Stocks

Bombay Dyeing
Sasa Goa
Chambal Fertilisers
Bata India
Titan
IFCI
BRFL
Nagarjuna Fertilisers
Channai Petro
Lic housing finance

4. Weak Future Stocks

Siemens
Indian Bank
India Cements
ZEEL
Sree Cements
Maruti
Grasim
Crompton Greaves
SKumars
ACC

5. Free Indian Shares - BSE Stock Market Tips:

Buy Reliance>2681.1,2696,2733 sl 2658
Buy TV Today network>127.5,129.5,131,137 sl 125.8
Buy Reliance Petroleum>204.1,206.5,210 sl 199.5
Buy NTPC>196.2,197.5,200 sl 194.5

Premium Market

Latest Grey Market Premium Dt. 30-4-2008

Company Name	Offer Price (Rs.)	Premium (Rs.)	Kostak (Rs. 1 Lac.)
Aishwarya Telecom	32 to 35	10 to 15	--
Gokul Refoils	175 to 195	--	--

New Public Issue(IPO)

Public Issues (IPO) Dt.: 30-4-2008

Company Name	Open Date	Close Date	Issue Size	Offer Price	Rating	Recomm.
Gokul Refoils & Solwent Ltd. (Book Building)	8-5-08	13-5-08	7158392 Shares (Rs. 139.5 Cr.)	175 to 195	--	--

Speculative Scrips

Company Name	CMP	Company Name	CMP
Ferro Alloy	30.00	Deep Ind.	141.10
Gujrat Foils	131.50	Spice Mobile	26.50
Assam Company	22.95	Mukesh Steel	26.00
Uttam Galwa	39.40	Gold Ston Infra	49.00
Mewar Playtex	15.75	Pricin Techno	24.40
IT People	30.10	Media Video	34.05
Medicaps	76.90	Mazda Ltd.	72.60
Mukat Pipes	14.75	Premier Ind.	153.00
Balasor Alloy	63.45	Foods & Inns	392.00
Hariyana Ship Breakers	35.00	SEL Man.	401.55
STL Global	23.00	Mind Tack	52.00
Fortin Labs	20.00	Orient Press	45.55
BPL	56.00	VBC Ferro	293.00

Tremendous Performance of our Last Recommendations:

(From Intra Day High Rate)

Facor Alloy (+1), FACT (+1), Asian Granito (+4), Mayur Leather (+4),

Twillight Litika (+2), Acrysil (+4), Nelcast (+2), Rama News Print (+3),

Deggar Forst (+2), Bal Pharma (+1), Mysor Paper (+1)

Funda-Picks

Company Name	Recomm.	CMP
Berger Paints	Buy	43.90
Reliance Power	Buy	402.00
RPL	Buy	202.50
RNRL	Buy	121.00
LIC Housing	Buy	353.00
Modern India	Buy	274.00
Allied Computer	Buy	24.25
Dhampur Sugar Mills	Buy	68.10
Ballarpur Ind.	Buy	30.05
Guj. Apollo Ind.	Buy	246.00
Guj. Alkalies	Buy	192.55
Titan Ind.	Buy	130.00
Gruh Finance	Buy	167.25
Alfa Laval	Buy	920.00
J. K. Tyre	Buy	128.90
NTPC	Buy	194.65
Ansal Infra	Buy	174.00
Syndicate Bank	Buy	76.70
Vijya Bank	Buy	54.00
GMR Infra	Buy	157.00
SRF	Buy	124.00
Shivvani Oil	Buy	601.00
IRB Infra	Buy	212.70
Ankur Drugs	Buy	259.95
India Glycol	Buy	299.00
Bank Of India	Buy	332.90
Dena Bank	Buy	58.70

Company Name	BSE Code	CMP	Stoploss	Target
Celestial Labs	532871 / NSE	46	43	55
Ind Swift Lab	NSE	56	54	65
Goldston Infra	532439	49.55	48	60

Terrific Performance of our Last Recommendations:

(From Intra Day High Rate)

Reliance Power (+4), RNRL (+6), IFCI (+3), IDFC (+7), First Source (+2),

Bank of India (+9), Gayatri Projects (+4), LIC Housing (+7), Nagarjuna Construction (+7),

IRB Infra (+5), JP Assosiates (+5), Hanung Toys (+8), Atlas Copco (+4)

Technical Share

Company Name	Recomm.	CMP
Dr. Reddy	Buy	627.00
MTNL	Buy	114.30
Aptech	Buy	260.00
Satyam Computer	Buy	479.00
HCL Techno	Buy	286.00
NIIT Techno	Buy	137.00
Infosys	Buy	1750.00
Mphasis BFL	Buy	237.00
Patni Computer	Buy	262.10
Wipro	Buy	479.00
TCS	Buy	910.00
IOC	Buy	448.40
R. Capital	Buy	1504.00
Axis Bank		944.00
Adlabs	Buy	766.00
Sterlite Ind.	Buy	898.00
SBI	Buy	1795.00
ICICI Bank	Buy	1402.00

Fantastic Performance of our Previous Recommendations:

(From Intra day High Rate)

M & M (+5), REL (+31), Axis Bank (+30), Gail (+11), TCS (+50), 3 I Infotech (+19),

Patni Computer (+14), Sterlite Techno (+13), Sun Pharma (+16), ICICI Bank (+34),

HDFC Bank (+45), Educomp Solutions (+16)